The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Russian's pulling back having 'made the West look stupid' (and more importantly 'saved face'). Oil prices on the up. The press has been diverted away from an Oil Wind Fall Tax. Covid now a bad cold. do we now have a clear path to SP growth??? - no asteroid discoveries please!! - oh and for what it's worth - LBBW raises BP price target to 480 (410) pence - 'buy'
Early thoughts I know…. But these results include the rising oil price, not the full ‘terminal’ of $100+ . Also they include the final ‘self imposed’ social lock downs and stagnant air travel. Finally they also included uncertainties re Ukraine. With all this in mind the next quarter should be even better so hopefully the ride isn't over yet. Good luck all!
Yes, 28 weeks at this level I roughly worked out. I know theres a cap on the amount they can buy in one day related to the ratio of market cap but this does seem cautious. I still like this co and they are ( hopefully still) a sleeping gem. Does anyone have any dates ahead of interest for SDY?
So difficult to call this stock! Growth or divi - or both. Brokers all over the place too. It rockets when you expect it to bomb and drops like a stone, often for no reason (I can se anyway). Basics in place though, well run business with modern systems in place to weather the recent changes.
Hopefully the buy back news will prick the attention of new investors, and with a good weathered productive construction summer, drive the SP further up.
Yes the SP will track slowly up ( IMO )it is logical leading to/pending AV's divi (and specials) divulgence. After that point though who knows!
Energy prices rising, possibly millions of new customers added over the last few months, probable minimal supplier swap and changes in re of exisiting client base, BG/CNA 'to a degree' underwritten by the government, competitor overheads (eg wages and liabilities) rising to the levels of BG/CNA, probable return of divis... Why isn't the SP rising???
Low and controlled debt, director share buys, Kingfisher agreements, dividends, investment in additional systems/services and equipment, very good sentiment from brokers and share writers (each side of the pond); yes there seems to be a case to have a punt in my view. Not only that, the economy should wake up more this year (hopefully)!
Not been as ‘harsh’ (markets not closed yet I know) as I thought or indeed fully inline with the divi amount. Could this be a positive? Thoughts and observations please – always interested in all the posts here.
CREDIT SUISSE CUTS DIRECT LINE PRICE TARGET TO 350 (375) PENCE - 'OUTPERFORM'
still bullish (ish)!
https://www.cmcmarkets.com/en-gb/news-and-analysis/can-aviva-share-price-rise-back-above-400p-barrier
Seems quite positive 'reading between the lines' - tomorrow will tell!!
Sort of self worked it out now I think... Not our 'Ord' share divi as yet - I read it on my HL phone app on the move and interpreted this as the ‘expected’ special divi. Still can’t work out why it's triggered a rise in SP - unless it's just a coincidence and investors are anticipating a decent update on the 25th and have piled in anyway. Thoughts gratfully recieved...
@Micky1971,
Its just an announcement that the 8 3/4% Cumulative Irredeemable Preference shares of £1 will be getting the half yearly dividend of 4.375% on the 31st of December. Sorry for being a bit thick/green here - some questions if anyone can shed light...
This seems to be a (pleasant) surprise sprang on everyone or is it me?
What is the actual return here interms of return per normal share?
When is the 'ex divi' date? eg can we expect more investors piling in now until the cut off?
Thanks in advance for clarifications
In all hoesty I'm buying and topping up on intuition as its a well run company with a good divy. No news and price fluctuations make it all the more interesting but totally unreadable. That said all the BP holders seemingly have the 'answers' - but the SP is doing it's own thing anyway just as this seems to be (except DLG seems to be within smaller more manageable and predicatbale tollerances). Hopefully the trade update may bolt the rabbit! Good luck all.
Hi All, great to read all the opinions - each counts- I read somewhere that it may be too soon for the full effect of oil prices to fully pull through into todays results? With that in mind the next ( combined with full world open up and northern h winter) should be very interesting! Thoughts?
You may be right!
https://uk.sports.yahoo.com/news/declining-stock-solid-fundamentals-market-093848556.html
Perhaps 'the money' has more urgent places to be invested - eg oil shares. Hopefully Vod will move up the list as the reporting season gets closer - 16.11.21 interim results?
Well said. All posts are great reading for a ballanced snapshot of investor thoughts - please keep em coming. Frankly I havent a clue where BP is going but its a great ride so far!!!
Point taken and as ever well made Mr Owl. I just get a little frustrated that lam always seems to make it so difficult for itself in managing its news and plans etc. The sp hasn't been hit as hard as I envisaged. I hope the contracts now roll in for us as we need a slug of good news to underpin the direction the management have said we are heading in.